UPDATE: DreamWorks and Hasbro Cancel Acquisition Talks

The toy maker was looking to expand its media reach with an animation arm

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According to The Hollywood Reporter, Hasbro has called off negotiations with animation studio DreamWorks Animation following word in recent days that the toy company was looking to acquire the animation studio. Hasbro stock took a hit, dropping about 4 percent on Thursday, when reports of the acquisition broke.

DreamWorks reportedly wanted $30 per share, a relatively steep incline for stock trading at roughly $22.

Below is the original story as reported before the weekend update:

DreamWorks Animation—which was spun off from DreamWorks Studios in 2004—is in talks to be acquired by toy manufacturer Hasbro, according to several reports.



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